Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
Swiss Franc/Hungarian Forint (FOREX:CHFHUF)
Long-Term Downtrend (-90) - CHFHUF is in a strong downtrend that is likely to continue. While CHFHUF is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid CHFHUF?
MarketClub looks at technical strength and momentum to determine if the timing is right for CHFHUF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CHFHUF
The long-term trend has been DOWN since Feb 23rd, 2021 at 327.11616
The intermediate-term trend has been DOWN since Jan 31st, 2021 at 330.08979
The short-term trend has been DOWN since Feb 18th, 2021 at 330.66038
Smart Scan Analysis for CHFHUF
Based on our trend formula, CHFHUF is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).